METRO-RICHELIEU TO BUY 41 LOEB SUPERMARKETS

MONTREAL (FNS) -- Metro-Richelieu Inc. here has agreed to buy 41 Loeb supermarkets in Ontario for about $85 million (Canadian $125 million) from Provigo Inc.Provigo was recently acquired by Loblaw Cos. Ltd. of Toronto.Frozen out of the grocery industry consolidation in Canada last fall, Metro-Richelieu had the right of first refusal to acquire all 92 Loeb stores, but passed on the other 51 outlets

MONTREAL (FNS) -- Metro-Richelieu Inc. here has agreed to buy 41 Loeb supermarkets in Ontario for about $85 million (Canadian $125 million) from Provigo Inc.

Register to view the full article